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CT SB00978
Bill
Status
6/28/2019
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Effective October 1, 2019, modifies the definition of "mandatory contributions" under Connecticut's Teachers' Retirement System.
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From January 1, 2018, to December 31, 2019, mandatory contributions consist of 7% regular contributions and 1.25% health contributions.
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On and after January 1, 2020, mandatory contributions remain at 7% regular contributions and 1.25% health contributions for most employees.
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State employees who have completed vesting service for retiree health benefits and do not participate in group health insurance plans for retired teachers are exempt from health contribution requirements effective January 1, 2020.
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Exemption from health contributions does not affect other obligations of state employees to contribute to the state's retiree health care trust fund.
Legislative Description
An Act Concerning Teachers' Retirement System Contributions.
Last Action
Signed by the Governor
6/28/2019